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The Core Specialty Actuarial team is looking to grow the team supporting our Actuarial Pricing function. This individual contributor role will primarily be responsible for supporting the Workers Compensation Division during an exciting period of growth. The role will primarily focus on evaluating pricing adequacy for the existing portfolio, providing pricing support for large accounts, developing and maintaining appropriate diagnostic tools, and providing actuarial subject matter expertise as needed to key stakeholders.
Key Accountabilities/Deliverables:
Develop new rating tools when requested, while supporting existing rating tools including migration support into new platforms.
Provide large account indications/support on accounts using established tools.
Support Loss ratio planning and provide emergence assumptions to Reserving so that they may monitor loss emergence against plan assumptions and provide summaries to management.
In conjunction with the annual planning process, develop projections for premium and loss ratios at all required levels of granularity for assigned lines of business.
Provide actuarial pricing support for assigned lines of business, including obtaining rates and filings for new business as required.
Support the compilation of monthly and quarterly pricing reports, including key performance indicators and key risk indicators, while synthesizing and shaping key messages.
Assist with the evaluation of new program opportunities, and existing programs and product lines, with technical pricing, expected attritional/large loss/CAT loss ratios, rating agency capital utilization, and any reinsurance analytics as appropriate.
Provide actuarial peer review as appropriate.
Technical Knowledge and Understanding:
Actuarial analytical skills necessary to appropriately analyze and evaluate a wide variety of differing lines of business.
Demonstrable aptitude in areas such as business and technical communication, data analysis, leveraging technology, and strategic thinking.
Ownership of process, project, BU. Identifies opportunities for improvement.
Meets deadlines, knows appropriate level of urgency needed. Early warnings brought forward.
Recognizes top priorities, assists with guiding priorities for the team.
Leverages relationships and establishes trust beyond the immediate team.
Solicits and reacts positively to feedback, provides feedback upon request.
Shares knowledge with broader actuarial group.
Experience:
A bachelor's degree in mathematics, statistics, economics, or a related field with a strong mathematical background is required
Solid understanding and consistent demonstration of actuarial principles, techniques, and standards
5 or more years of relevant experience; prior experience in Pricing and/or Reserving for Property & Casualty business
ACAS designation or higher
The expected pay range for the role is $130,000 - $170,000. The specific offer will depend on an applicant’s skills and experiences. The disclosed pay range estimate may also be adjusted for the applicable geographic differential for the location in which the position is filled.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa for this position.
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At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program
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